Cobalt Company News Directory

Global Cobalt Announces Nominees Ahead of Annual General Special Meeting

Global Cobalt Corp. (TSXV:GCO) announced the following nominees for both Global Cobalt Corp and Global Energy Metals, to be proposed at the Annual General Special Meeting on July 17, 2015: (for Global Cobalt) Erin Chutter, Raymond Castelli, Peter Reynolds, Gaston Reymenants, Paul Sarjeant, Alexander Ordanian, Alexei Musteatsa, Julian Lowenfeld, Maximiliano Barrientos, Andrey Melnikov; (for Global Energy Metals) Erin Chutter, Raymond Castelli, Peter Reynolds, Gaston Reymenants, Paul Sarjeant.

Global Cobalt CEO Erin Chutter talks “enormous opportunity for an investor interested in the energy metals space”

Global Cobalt Corp. (TSXV:GCO) CEO Erin Chutter talks about the proposed spin-out named Global Energy Metals Corporation and says, "this is a really interesting opportunity for investors right now who are current Global Cobalt shareholders, or who become Global Cobalt shareholders within the next 3 or 4 weeks. They will actually receive shares in both companies which is an enormous opportunity for an investor interested in the energy metals space."

Global Cobalt Spin-Out Named Global Energy Metals Corporation

Global Cobalt Corp. (TSXV:GCO) announced that the proposed spin-out company has been named Global Energy Metals Corporation, reflecting the strong focus on metals fundamental to the battery and energy sectors. Global Cobalt also confirmed that the effective record Date for Global Cobalt shareholders to receive Global Energy Metals shares is expected to be July 20, 2015.

Formation Metals Files PEA for Idaho Cobalt Project on SEDAR

Formation Metals Inc. (TSX:FCO) reported the filing on SEDAR of its technical report containing results of its Preliminary Economic Assessment for the Idaho Cobalt Project in Lemhi County, Idaho. Together with the SEDAR filing, Formation Metals has also commissioned metallurgical test work in January 2015.

Global Cobalt Announces Financing

Global Cobalt Corp. (TSXV:GCO) announced a non-brokered private placement or up to CAD $250,000, consisting of up to 5,000,000 units at $0.05 per Unit. Each Unit will be made up of one common share of Global Cobalt and one common share purchase warrant that entitles the holder to acquire an additional common share for 24 months after the closing date. at $0.07 per Warrant Share.

Global Cobalt Enters Lock Up Agreement with IMHL to Support Spin-Out

Global Cobalt Corp. (TSXV:GCO) entered into a binding agreement with largest shareholder Imperial Mining Holding Limited, for a lock up agreement and spin-out of certain North American mineral exploration projects to SpinCo, a newly incorporated company. However, as a condition of the terms, IMHL and its affiliates agreed to waive their rights to receive common shares, warrants and/or options in SpinCo. Global Cobalt’s Werner Lake property in Ontario and the Iron Creek property in Idaho will be transferred to SpinCo. The Karakul and Altai Sister properties in Altai Republic, Russia will be retained by Global Cobalt.